Enviro-Battery Corporation was organized on January 1, with an authorization of 500,000 shares of common stock with a par value of $5 per share. During the year, the corporation had the following common stock transactions: January 4 April 8 June 9 July 29 December 31 sold 6,250 shares held in treasury @ $8 per share. -issued 25,000 shares @ $5 per share - issued 12,500 shares@ $7 per share. - issued 3,750 shares@$10 per share. - purchased 6,250 shares@ $4 per share. Enviro-Battery used the cost method to record the purchase and reissuance of the treasury shares. What is the balance of additional paid-in-capital reported in the balance sheet at December 3:1 a. $50,000. b. $56,250. c. $62,500 d. $68,750. e. None of the above